Examlex
Which statement is NOT correct?
Joint Tenancy
is a form of property ownership by two or more persons where each owns an undivided interest, and upon death, the survivor(s) automatically assumes ownership of the deceased's share.
Inheritable Tenancy
A type of tenancy that allows the tenant's rights in the property to be passed on to their heirs.
Community Property
A legal concept in certain jurisdictions that property acquired during marriage is owned jointly by both spouses.
Tenancy In Common
A form of real estate ownership where two or more individuals possess property simultaneously, with each holding an undivided interest in the property.
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